cpayne

Gents..well my buyers that were suppose to close today at 4:00 backed out 5 hours before closing due to "personal reasons"! I felt sick after hearing that news. So now I am the proud owner of 2 houses with 3 mortgages. If you are or know someone who is looking for a nice updated home with new appliances, kitchen, HVAC, and new hottub...here she is...<ul><li><a href="http://www.realtor.com/Prop/1035968966">http://www.realtor.com/Prop/1035968966</a</li></ul>

scuderia

What the hell is the personal reason? Better be a good one.

Did they leave a deposit or something to cover you for at least the next month?

Good luck.

cpayne

3 Ways to get out of a house contract in CO are:
-1) Inpection Failure - Cant come to agreement on what needs to be addressed or house is a wreck and not worth fixing etc.
-2) Financing Issue - Cant get financing
-3) Appraisal Value grossly not in-line w/ price

So if they agree which I "think" they will agree to sign over the earnest money..we would get about 2 months of mortgage payments...what a PITA.

ColoradoMark

Either way it sounds like you should get to keep their earnest money, unless the one of the deadlines was four hours before closing! E-mail me if there is anything I can help you with.

cpayne

<ul><li><a href="http://worldsbeer.com/misc/remodel/">http://worldsbeer.com/misc/remodel/</a</li></ul>

DUBITUP

I beleive that you are going to get the earnest money due to the colorado law you stated.

Good luck!

cpayne

Thanks..same to you!

GreekDeno

wrong location so not for me

cpayne

Dont know..but they are going to sign over the earnest money so that is good